0 CRES Stats Report | Week Ending October 16

18 spaces hit the market as available in the subject area in the last 7 days, equating to 170,000 SF, roughly in the range (yet higher end) of recent weekly additions;

ONLY 5 spaces (over 1,000 SF) came off the market equating to 140,000 SF, albeit 4 of the spaces were full floors removed from the sublease market in the lower block of 10 St. James.

DID YOU KNOW?: the 213 acre “LMA” (Longwood Medical & Academic Area) is home to 7 world class hospitals and 11 private & public secondary and colleges & universities.  Pre-COVID, 111,000 people a day come to the LMA!  2.6 million patients are treated in the LMA – EVERY YEAR!  Also, the LMA has its own power generation facility called “MATEP”.

Sadly, the availability rate in Boston rose to an all-time recent high at 13.4%, a substantial uptick, equating to 15,100,000 SF.

0 The CRES Stats Report | Week Ending October 9

20 spaces hit the market as available in the subject area in the last 7 days, equating to ~164,000 SF;

11 spaces (over 1,000 SF) came off the market ~52,000 SF;

The Harvard Square-Central Square marketplace is a 2.0mm SF office market of mostly class C & B buildings – with “Class A pricing” (average ask of $61.39/SF).  The availability rate here is 13.8% equating to ~485,000 SF

The availability rate in Boston held for the last 2 weeks at 13.0% equating to ~15,000,000 SF.

0 CRES Stats Report | Week Ending October 2

Just 18 spaces hit the market as available in the last 7 days, equating to ~142,000 SF

8 spaces (over 1,000 SF) came off the market ~65,000 SF

Cambridge’s “Alewife/West Cambridge” is a 2.1mm SF market that has blossomed over the past 10 years, with lab development a key driver.  Today’s availability rate here is a 18.3% split 60/40% between direct & sublet spaces

The availability rate in Boston continues to rise, at a new high of 13.0% equating to 15,000,000 SF.